Ripple Mints 14,000,000 RLUSD Amid 59.51% Volume Surge
Main Idea
Ripple minted 14 million RLUSD stablecoins on Ethereum, increasing its market capitalization by 3.09% to $469.22 million, amid a 59.51% surge in trading volume.
Key Points
1. Ripple minted 14 million RLUSD on July 2nd via the RLUSD Treasury on Ethereum, bringing its total market cap to $469.22 million.
2. RLUSD's trading volume surged by 59.51%, though it had previously dropped by 59%.
3. The stablecoin has gained regulatory approval in Dubai's DIFC, expanding its global presence.
4. RLUSD's total supply has reached $469.24 million since its launch in late 2024.
5. Ripple's ecosystem is seeing increased demand for RLUSD, supported by its payment infrastructure and institutional adoption.
Description
Ripple releases 14 million RLUSD on Ethereum
$ETH
$4168.15
-1.58%
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